The financial statement of Coca Cola Company is being made on the basis of generally accepted accounting principles as followed in the United States. Assets, Liabilities & equities are measures as per the standards mentioned by the US GAAP. Company has used fair value measurement for certain assets and liabilities which as per the GAAP are required to be recorded in fair value on a recurring basis .Further some of the assets and liabilities are also recorded on fair value which comes under the category of non-recurring fair